China’s central bank digital currency, the digital Yuan or e-CNY, is well on its way for full implementation. The People’s Bank of China (PBoC) release a Whitepaper with details on their CBDCs for the first time since the project was made public. As the document...
The National Republican Congressional Committee has become the first national party committee to solicit bitcoin donations.According to Axios, the Republican Party's U.S. House of Representatives campaign division will start accepting contributions in bitcoin, making the National...
Tim Wu, a proponent of net neutrality serving the White House, has disclosed that he owns $1 million to $5 million in bitcoin.Top antitrust expert at the White House, Tim Wu, owns between $1 million and $5 million worth of bitcoin, the largest holding in his financial portfolio, according to a report from...
Former U.S. President Donald Trump told Fox Business that he doesn't like bitcoin because it competes with the dollar.Former U.S. President Donald Trump told Fox Business that he doesn't like Bitcoin because he sees it as a competitor to the dollar."Bitcoin just seems like a scam," said Trump in the interview. "I don't like it...
Bitcoin represents the various aspects of freedom present in the American tradition of self sovereignty.An anarchistic digital currency pioneered by cypherpunks and first used on shady internet sites is not something one would typically associate with patriotism. Nevertheless, as our country strays further from its founding ideals of liberty, decentralization, and personal responsibility, perhaps Bitcoin is...
Representative Warren Davidson joined the "Bitcoin Magazine Podcast" to discuss bitcoin, Congress and the "Token Taxonomy Act."Watch This Episode On YouTubeListen To This Episode:...
A tax enforcement proposal from the Biden administration may compel businesses to report bitcoin transactions exceeding $10,000 to the IRS.A tax enforcement proposal from the Biden administration would compel businesses accepting bitcoin transactions of more than $10,000 to report them to the Internal Revenue Service (IRS).“Cryptocurrency already poses a significant detection problem by facilitating illegal...
A report from cryptocurrency exchange Coinbase shows that the U.S. is the most aggressive in seeking information about bitcoin traders.Major cryptocurrency exchange Coinbase has released its latest “transparency report,” providing data on customer information requests it received from government and law enforcement agencies between July 1, 2020 and December 31, 2020.Among the insights into who requested...
Surprisingly, 9.45 BTC auctioned off by a U.S. government agency was purchased at a market discount.The U.S. government sold 9.45 BTC during a four-day auction that closed earlier this week, with the bitcoin being purchased at a notable discount compared to market prices.The auction was performed by GSA Auctions, a service of the United States General Service Administration (GSA) that functions...
The world’s reserve currency relies on oil, dictators, inequality and the military-industrial complex. But a Bitcoin standard could change this.In its growth from conceptual white paper to trillion-dollar asset, Bitcoin has attracted an enormous amount of criticism. Detractors focus on its perceived negative externalities: energy consumption, carbon footprint, lack of centralized control and inability to be...
In its effort to stifle entities that attempted to influence U.S. elections the Treasury Department sanctioned several bitcoin addresses.As part of an effort against entities that attempted to influence the 2020 U.S. presidential election, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), recently announced sweeping...
How will a Democratic administration in the U.S impact bitcoin regulation and the BTC price over the next four years?Joe Biden is officially the 46th president of the United States and the Democratic Party is back in power. We are all already aware of how this has affected the price of bitcoin — coincidence or not, the BTC price has more than...
Uncertainty is leading many to take short-term profit, according to the "Coinbase Premium" indicator.
On November 3, 2020, the Associated Press...
The 2020 U.S. Presidential Election swept over the nation with chaos and turmoil. The election mess, with alleged voter fraud, ballot tampering and the removal of Republican election observers challenged the notion of a fair and free election. On the Saturday after Election Day, when major news networks and the Associated Press called the...
Former Ripple CEO and co-founder Chris Larsen recently spoke out his mind on crypto regulations in the U.S. and the lack of clarity. Speaking to the Fortune reporter Jeff John Roberts, Larsen said that...
News